ARTICLES ABOUT FARALLON CAPITAL BY DATE - PAGE 2

MUMBAI: Farallon Capital, a $15bn US real estate fund, and Indiabulls Properties have together picked up a little over 100 acres of land in the National Capital Region (NCR) on the Sonepat Road, to set up a township project. The land has been purchased in parcels from several landholders at prices in the range of Rs 55-60 lakh an acre. Farallon Capital and Indiabulls Properties, after buying up two mills in Mumbai, have formed an SPV for the township project — Indiabulls Estates — with a 60:40 equity structure in favour of Farallon.

NEW DELHI: US-based fund Amaranth and its affiliates are taking a 42.5% stake in Indiabulls Finance Company, a majority-owned subsidiary of Indiabulls Financial Services, for a consideration of around Rs 130 crore. Amaranth is a multi-strategy investment fund, managing in excess of $6.5bn in public and private equity investments, capital structure arbitrage, convertible arbitrage, credit arbitrage and energy trading. With the new capital infusion, Indiabulls Finance Company will have a larger capital base of Rs 175 crore.

MUMBAI: The first sale of National Textile Corporation's mill lands took place on Thursday. India Bulls Property bought Jupiter Mills with a bid of Rs 276.51 crore. The next highest bid was Rs 265 crore from the Vikas Oberoi-promoted Oberoi Developers, followed by Rs 261 crore quoted by Delhi-based developer DLF. India Bulls Property is a special purpose vehicle (SPV) set up for the mill project. The SPV is a joint venture between India Bulls Financial Services with 40% and SIM — a wholly-owned subsidiary of Farallon Capital of the US — with 60%. The Jupiter Mills project is perhaps the first realty project being undertaken under the new real estate FDI norms.

MUMBAI: Indiabulls Financial Services has informed BSE that Farallon Capital and its affiliates have invested Rs 87.6 crore as share application money for a proposed 33% stake in Indiabulls Credit Services Ltd, a majority owned subsidiary of the company. Farallon Capital and its affiliates have signed a shareholders agreement with the company, Indiabulls Credit Services and the three promoters of the company namely Sameer Gehlaut, Rajiv Rattan and Saurabh Mittal for the proposed stake in Indiabulls Credit Services.

BANGALORE: Farallon Capital has picked up a 33% stake in Mumbai-based financial services firm Indiabulls' subsidiary company Indiabulls Credit Services for Rs 88 crore. The deal, concluded on Sunday, puts the valuation of the subsidiary firm engaged in consumer finance segment at a substantial Rs 265 crore. Farallon had earlier invested in the flagship firm Indiabulls Financial Services, which went public in September 2004, where its 271.87 lakh shares got listed at a premium of Rs 17 per share.

NEW DELHI: Morgan Stanley, Fidelity Asset Management and Lloyd George have acquired close to 10% in Indiabulls.The three FIIs bought the stake by way of open market purchases during the course of the last week after the company held roadshows in Hong Kong last month. Company's foreign equity has risen to around 50%. The other prominent investors in Indiabulls include Infinity Technologies, Farallon Capital, Trans Atlantic Operations and steel tycoon LN Mittal through his private equity fund.

BANGALORE: Farallon Capital, the US-based hedge fund which pumped in Rs 53 crore to pick up 15% stake in Indiabulls Securities early this year, is not planning an exit through the forthcoming IPO. In fact, several existing investors are likely to increase their holdings through the offer scheduled to hit the market sometime this month, according to Gagan Banga, director, Indiabulls. Other investors in Indiabulls include LN Mittal India Fund, Transatlantic Corporation and Infinity Technologies, which collectively own around 20% stake in the company.

NEW DELHI: Farallon Capital, the largest hedge fund in the world with $10bn of assets under management, has picked up 15% in the Indiabulls group for Rs 53 crore, reports Rajiv Nagpal in New Delhi. This is the first major investment made by the San Francisco-based fund in the Indian financial services sector. Farallon Capital will be given a berth on the board of Indiabulls, one of the largest retail brokerages in India. Indiabulls spokesperson Gagan Banga confirmed the stake sale but refused to give details.

NEW DELHI: Farallon Capital partners, a $10-billion hedge fund ? the largest hedge fund in the world ? has picked up a 15% stake in the Indiabulls group for a consideration of Rs 53 crore. This is the first major investment made by the San Francisco-based fund in the financial services sector in India. Farallon Capital would be given a berth on the board of Indiabulls, one of the largest retail brokerages in India. When contacted by ET, Gagan Banga, spokesperson for Indiabulls, confirmed the stake sale but refused to give any details.

NEW DELHI: Farallon Capital, the largest hedge fund in the world with $10bn of assets under management, has picked up 15% in the Indiabulls group for Rs 53 crore, reports Rajiv Nagpal in New Delhi. This is the first major investment made by the San Francisco-based fund in the Indian financial services sector. Farallon Capital will be given a berth on the board of Indiabulls, one of the largest retail brokerages in India. Indiabulls spokesperson Gagan Banga confirmed the stake sale but refused to give details.